Join Sasha Berson as he speaks again with Ryan Kimler, Owner of Net Profit CFO

👉Sasha and Ryan explore:

— The difference between bookkeepers, accountants and CFOs.

— Why hiring a CFO is a good idea even for law firms with less than $2 million in revenue per year.

— The three ways in which Ryan helps improve the profitability of a law firm; the first is to evaluate the billing and the ROI per attorney.

— Why it’s important to bill four to five times more than you’re paying an associate.

— Why total payroll expenses divided by revenue should be at around 40%.

— Why it’s a good idea to have four to six months’ worth of expenses in the bank.

— How to optimize profitability per attorney to get a minimum return of four or five times their true cost: this may mean adjusting their price point or wages.

📞Connect with Ryan Kimler:

• Email: [email protected]

• LinkedIn: https://www.linkedin.com/in/ryankfinancialclarityllc/

• Facebook: https://www.facebook.com/rkimler

• Net Profit's website: https://netprofitcfo.com/

• LinkedIn: https://www.linkedin.com/company/netprofitcfo/

📞Connect with Sasha Berson:

• LinkedIn: https://www.linkedin.com/company/grow-law/

• Instagram: https://www.instagram.com/grow_law/

• YouTube: https://www.youtube.com/@growlaw

• Facebook: https://www.facebook.com/growlaw 

• Email: [email protected]

• Phone: (312) 854-7724

#LawyerWebsite #LawyerSEO #LawFirmMarketing

If you enjoyed today’s show, please leave a review and subscribe so you never miss an episode. For more information and links to all of the resources mentioned in today’s episode, visit GrowLaw.co.

Welcome to the launch of GLF Podcast with host Sasha Berson, Chief Growth Officer at Grow Law.

This podcast is for law firm owners looking to make their business more profitable in this highly-competitive environment.

Growing a law firm and practicing law are both challenging in their own right. Combine the two, and life can get really difficult. Sasha’s motivation behind starting the podcast is to help law firm owners grow their businesses and enjoy better lives.

On each episode, Sasha and his guests will share practical ideas on how to:

• Increase your revenue.
• Improve profitability.
• Make your life easier.

If you enjoyed today’s show, please leave a review and subscribe so you never miss an episode. For more information and links to all of the resources mentioned in today’s episode, visit GrowLaw.co.